MLchartDataset catalogue

Community property

Term · Insurance and risk management · MLC-T-INS-000854

A system of property ownership recognized in some states where assets acquired by either spouse during marriage are considered jointly owned by both, regardless of whose name is on the title. Upon divorce or death, community property is typically divided equally between the spouses or their heirs. This legal framework affects how assets are distributed and how insurance policies covering those assets are handled.

Table 1. Record
IdentifierMLC-T-INS-000854
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-000854",
  "term": "Community property",
  "field": "Insurance and risk management",
  "definition": "A system of property ownership recognized in some states where assets acquired by either spouse during marriage are considered jointly owned by both, regardless of whose name is on the title. Upon divorce or death, community property is typically divided equally between the spouses or their heirs. This legal framework affects how assets are distributed and how insurance policies covering those assets are handled.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/community-property/"
}

Record 645 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.